Things Will Change Post-COVID-19, Learn How to Best Position Your Small Business to Thrive Amid These Changes

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The coronavirus crisis is bound to change the world of business significantly, but there are ways that owners can position their businesses to thrive amid changes.

The coronavirus crisis is bound to change the world of business significantly, but there are ways that owners can position their businesses to thrive amid these changes, writes Deluxe, a Minneapolis-based financial services company serving 4.8 million active small business customers worldwide, on the company’s blog.

With many companies having their supply chains disrupted during the pandemic, businesses may start to seek production and supply chains that are closer to home.

This would revitalize the market for regionalized production and sourcing and provide entrepreneurs with an opportunity to pivot toward manufacturing and online sourcing platforms, among other areas.

Another area ripe with opportunity is delivery and curbside pickup, which has truly boomed during the pandemic and is certain to continue after the crisis. Even though services like Door Dash already existed, there is obviously plenty of room in the market for more players.

Meanwhile, greater reliance on ecommerce has presented numerous opportunities for companies that cater to specific segments, including simplified shopping platforms for seniors.

Additionally, web designers, app developers, and online marketing experts could grow their businesses by reaching out to those who will need an online presence more than ever.

Read all 20 things that may change and how to use them to your advantage at the Deluxe by clicking here.

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Top photo credit: Fotomovimiento 2020_04_25 via photopin (license)

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